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Cable, AUD/USD gap higher in early interbank trade

By Sean Lee  || November 8, 2009 at 20:29 GMT
|| 1 comment || Add comment

Stops above 1.6635 were triggered this morning in the cable and it is currently trading at 1.6670. This is in reaction to the IMF comments on the USD rather than the G20.  Support now at 1.6635 and strong resistance is at 1.6740.

The AUD/USD is at .9235 and EUR/USD is at 1.4890 but USD/JPY is unchanged around 89.90. Retail platforms won’t open for another hour at least.

Good luck today.

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Category: All, Asia, Mkt Talk
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One Response to “Cable, AUD/USD gap higher in early interbank trade”

  1. lilac on November 8th, 2009 21:14 GMT

    IMM speculators decreased short bets on US dollar-CFTC

    http://www.reuters.com/article/companyNewsAndPR/idUSN0620289920091106

    The decrease in net short dollars was driven mainly by another sharp decline in bearish trades on sterling.



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